Nexxen International (NASDAQ:NEXN) Sets New 1-Year High – What’s Next?

Nexxen International Ltd. (NASDAQ:NEXN) shares reached a new 52-week high on Tuesday . The company traded as high as $11.00 and last traded at $10.42, with a volume of 686 shares. The stock had previously closed at $10.30.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price objective on shares of Nexxen International in a research note on Monday, January 27th. Royal Bank of Canada lifted their price objective on Nexxen International from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Needham & Company LLC raised their target price on Nexxen International from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Nexxen International currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.40.

Nexxen International Price Performance

The company has a 50 day moving average of $19.08 and a 200 day moving average of $17.22. The firm has a market cap of $591.09 million, a price-to-earnings ratio of 229.00 and a beta of 1.89. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04.

Institutional Trading of Nexxen International

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. increased its position in shares of Nexxen International by 221.7% during the third quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock worth $46,000 after acquiring an additional 3,931 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Nexxen International in the 4th quarter valued at about $69,000. GAMMA Investing LLC lifted its holdings in shares of Nexxen International by 2,021.9% in the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock valued at $84,000 after purchasing an additional 8,027 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Nexxen International during the fourth quarter worth about $110,000. Finally, D.A. Davidson & CO. bought a new position in shares of Nexxen International during the fourth quarter worth about $121,000. 54.24% of the stock is owned by institutional investors.

Nexxen International Company Profile

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach publishers Israel. The company’s demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies to execute their digital marketing campaigns in real time across various ad formats.